(EMAILWIRE.COM, November 21, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of “The Beard Company Posts Q3 and First Nine Months of 2008 Financial Results.”

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In the article the author writes:

"The Beard Company (OTCBB: BRCO), an energy company involved in carbon dioxide (CO2) gas production, oil and gas activities, and coal reclamation, today announced its fiscal third quarter and nine-month financial results ended September 30, 2008. … The company reported third-quarter revenue of $376,000, or a 10% decrease from the same quarter last year of $415,000. A net loss of $610,000, or -9 cents per diluted common share, was reported in the most recent quarter, compared with a net loss of $446,000, or -8 cents per diluted common share, for the same quarter of 2007.

Beard’s sale of the McElmo Dome CO2 field in February was the main reason for the gain in earnings:

“The improvement in earnings during the first nine months of 2008 was primarily attributable to a gain of approximately $3.3 million on the sale of 35% of our interest in the McElmo Dome CO2 field in February,” president of The Beard Company Herb Mee Junior stated in the press release. “Despite selling a portion of McElmo Dome, our CO2 business segment recorded an operating profit of $278,000 and $832,000, respectively, in the third quarter and nine months ended September 30, 2008, versus $279,000 and $691,000, respectively, in the 2007 periods.”

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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com

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